The northern province of Bac Ninh is leading the country in foreign direct investment (FDI) attraction, drawing over 2.6 billion USD from 14 newly-licensed projects and 48 capital-added projects in the first quarter of this year.
Bac Ninh (VNA) – The northernprovince of Bac Ninh is leading the country in foreign direct investment (FDI) attraction, drawing over 2.6 billion USD from 14 newly-licensedprojects and 48 capital-added projects in the first quarter of this year.
Bui Hoang Mai, head of the industrial parks (IP) management board of BacNinh province, said the Samsung Display Vietnam Co. Ltd. in February asked forpermission to raise investment capital of its project in the Yen Phong IP to 2.5 billion USD.
The board also granted a newinvestment certificate to Hanwha Techwin Security Vietnam to implement aproject worth 100 million USD in the Que Vo IP.
Mai said Bac Ninh has been focusing on developing high-tech and supporting industries.The province has been also stepping up the manufacturing industry to tightenlinkages between local businesses and FDI enterprises.
Local officials have regularly held meetings with representatives of enterprisesin order to remove their difficulties, thus promoting production and improving theefficiency of investment attraction into IPs and industrial clusters.
In recent years, Bac Ninh’s investment climate has improved thanks to the province’sefforts to simplify administrative procedures, especially those related toland, construction, labour and customs, thus making it easier for enterprisesto effectively operate in the locality.
To date, the IPs management board has granted 1,093 investment certificates to domestic and foreign-investedprojects with a combined registered capital of nearly 15.9 billion USD.-VNA
The Industrial Zone Management Board of southern Dong Nai province has revoked investment permits granted to 40 FDI projects, which have been abandoned or delayed for a long time.
FDI firms operating in Vietnam highly evaluated the reform efforts the government, ministries, sectors and localities have made to create a more favourable and healthier business climate.
Foreign investors have poured a large amount of investment into textile and infrastructure in the southern province of Binh Duong since the beginning of this year.
The southern province of Dong Nai attracted 314 million USD in foreign investment (FDI) in Q1 2017, up 53.4 percent year-on-year and reaching 31.4 percent of its yearly plan, announced the provincial Department of Planning and Investment.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA) 
